$0.81 EPS Expected for Nordstrom, Inc. (JWN)

July 14, 2018 - By Joseph Norton

Nordstrom, Inc. (NYSE:JWN) LogoInvestors sentiment increased to 0.99 in 2018 Q1. Its up 0.03, from 0.96 in 2017Q4. It is positive, as 35 investors sold Nordstrom, Inc. shares while 158 reduced holdings. 69 funds opened positions while 123 raised stakes. 90.21 million shares or 2.31% less from 92.34 million shares in 2017Q4 were reported.
Proshare Advsrs Ltd Com has invested 0.01% of its portfolio in Nordstrom, Inc. (NYSE:JWN). New Mexico Educational Retirement Board holds 11,191 shares. Liberty Mutual Group Inc Asset Mgmt reported 4,638 shares. Ardevora Asset Llp reported 590,300 shares. Numerixs Invest Technologies stated it has 0.11% of its portfolio in Nordstrom, Inc. (NYSE:JWN). North Star Mgmt has 714 shares. Farmers & Merchants Inc holds 0% or 48 shares in its portfolio. Tiedemann Advsr Limited Liability Corp accumulated 65,947 shares. Gradient Invests Limited Com reported 112 shares. Louisiana State Employees Retirement System owns 0.02% invested in Nordstrom, Inc. (NYSE:JWN) for 7,100 shares. Community Bancshares Na reported 0% in Nordstrom, Inc. (NYSE:JWN). Griffin Asset Mngmt reported 11,450 shares or 0.1% of all its holdings. Geode holds 0.02% or 1.53 million shares. Bb&T Ltd Limited Liability Company stated it has 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Grp has 54,427 shares.

Since April 11, 2018, it had 0 insider buys, and 18 insider sales for $17.91 million activity. Worzel Ken also sold $14,071 worth of Nordstrom, Inc. (NYSE:JWN) shares. 3,379 Nordstrom, Inc. (NYSE:JWN) shares with value of $179,087 were sold by NORDSTROM ERIK B. NORDSTROM PETER E sold 118,161 shares worth $6.29M. The insider Deputy Christine sold 9,960 shares worth $515,032. Meden Scott A also sold $490,200 worth of Nordstrom, Inc. (NYSE:JWN) shares.

Analysts expect Nordstrom, Inc. (NYSE:JWN) to report $0.81 EPS on August, 9.They anticipate $0.16 EPS change or 24.62 % from last quarter’s $0.65 EPS. JWN’s profit would be $135.58M giving it 16.10 P/E if the $0.81 EPS is correct. After having $0.51 EPS previously, Nordstrom, Inc.’s analysts see 58.82 % EPS growth. The stock decreased 2.27% or $1.21 during the last trading session, reaching $52.18. About 2.31 million shares traded or 0.50% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 17.06% since July 14, 2017 and is uptrending. It has outperformed by 4.49% the S&P500.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Among 13 analysts covering Nordstrom Inc (NYSE:JWN), 3 have Buy rating, 0 Sell and 10 Hold. Therefore 23% are positive. Nordstrom Inc had 18 analyst reports since January 19, 2018 according to SRatingsIntel. Cowen & Co maintained Nordstrom, Inc. (NYSE:JWN) on Friday, January 19 with “Buy” rating. As per Friday, March 2, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Friday, March 2 by Robert W. Baird. The rating was downgraded by KeyBanc Capital Markets on Tuesday, July 10 to “Sector Weight”. The company was maintained on Monday, March 5 by BMO Capital Markets. Susquehanna maintained Nordstrom, Inc. (NYSE:JWN) rating on Tuesday, January 23. Susquehanna has “Hold” rating and $51.0 target. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, July 2. The stock of Nordstrom, Inc. (NYSE:JWN) has “Hold” rating given on Thursday, March 1 by Piper Jaffray. Tigress Financial maintained the stock with “Buy” rating in Monday, June 18 report. The rating was maintained by Nomura with “Neutral” on Thursday, July 12.

Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has market cap of $8.73 billion. It operates through two divisions, Retail and Credit. It has a 19.12 P/E ratio. The Retail segment offers a range of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Trunk Club clubhouses and TrunkClub.com; Jeffrey boutiques; and clearance stores that operate under the Last Chance name.

More recent Nordstrom, Inc. (NYSE:JWN) news were published by: Seekingalpha.com which released: “Nordstrom updates guidance at investor day event” on July 10, 2018. Also Seekingalpha.com published the news titled: “Nordstrom broadens local market concept” on July 09, 2018. Benzinga.com‘s news article titled: “KeyBanc Downgrades Nordstrom, Urban Outfitters, Says E-Commerce Pressures Are Only Increasing” with publication date: July 10, 2018 was also an interesting one.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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